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obama demanded republicans raise the debt ceiling this month without any spending cut strings attached. >> if congress in any way suggests they're going to tie negotiations to debt ceiling votes, and take us to the brink of default once again as part of a budget negotiation, i will not play that game. because we've got to break that habit before it starts. >> reporter: the president sees the fiscal cliff showdown as an opportunity to break that linkage for good. republicans say they will not increase the debt ceiling now $16 trillion and due to expire in february without more deficit reduction. >> history shows the only major deficit cutting deals we ever do around here, ever comes after debates over the debt ceiling. it may be a good idea if you don't care about the debt but it's a non-starter for those of us who do. >> reporter: public opinion generally is on the president's side, but republicans in the house are not paralyzed or perilous, more unified behind speaker boehner than a year ago. why is this important? the white house is beginning to notice and now believe there is a deal
obama demanded republicans raise the debt ceiling this month without any spending cut strings attached. >> if congress in any way suggests they're going to tie negotiations to debt ceiling votes, and take us to the brink of default once again as part of a budget negotiation, i will not play that game. because we've got to break that habit before it starts. >> reporter: the president sees the fiscal cliff showdown as an opportunity to break that linkage for good. republicans say they...
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president obama has nearly doubled the debt. the spending is out of control. and it's -- we have this economy that continues to struggle -- >> the debt ceiling -- >> the debt ceiling is our opportunity to really look at these questions, but the republicans want to negotiate -- speaker boehner the day after the election, went to the podium and put tax revenue on the table. this is our moment, this is our -- tip o'neill and president reagan back in the early '80s, they came together. they negotiated to save social security as well as address the spending. and it was a $3 in spending cuts to every dollar in new revenue. and that's the type of approach we need today. >> they never used the issue of debt ceiling in those negotiations. that's relatively new. the president says, i will not play that game. he may have no choice, because the republicans have a decisive majority in the house of representatives. if they want to play that game, he's going to have to do it. >> whey believe the president is saying is, we could get to a big deal, a good big deal that's balan
president obama has nearly doubled the debt. the spending is out of control. and it's -- we have this economy that continues to struggle -- >> the debt ceiling -- >> the debt ceiling is our opportunity to really look at these questions, but the republicans want to negotiate -- speaker boehner the day after the election, went to the podium and put tax revenue on the table. this is our moment, this is our -- tip o'neill and president reagan back in the early '80s, they came together....
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the $16 trillion debt. so far there are no serious proposals whatsoever coming from the obama administration with regard to cutting this level of debt that the united states knows. america is heading for an economic catastrophe. it is a slow-moving sort of trained crash. gerri: i think that train is being of every single day. to you. imperial presidency. not only imperial. it's on hiatus. the talks have been outsourced. the very man who negotiated the biggest bailout of banks in u.s. history. i think his choice of a negotiator is even problematic at this point. >> i completely agree. if you think back to the start of the first administration, he had his problems getting confirmed because of that the year to pay taxes. he's not well loved. he is an intro figure in the bailout of the banks and their supervision money was at the new york fed. this is not an ideal person to carry the message to the help. the message itself as dangerous. i agree 100 percent. this is not a message for the american people, interna
the $16 trillion debt. so far there are no serious proposals whatsoever coming from the obama administration with regard to cutting this level of debt that the united states knows. america is heading for an economic catastrophe. it is a slow-moving sort of trained crash. gerri: i think that train is being of every single day. to you. imperial presidency. not only imperial. it's on hiatus. the talks have been outsourced. the very man who negotiated the biggest bailout of banks in u.s. history. i...
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we were in this point two years ago when the same things were discussed with obama during the debt ceiling increase and at the end of the day, we ended up with $2.5 trillion in spending savings and not a dollar of tax increase. why? because obama overplayed his hand. he's doing it again. just as he did in 2008. he thought the country had given him a blank sheet of paper to work on. he did the stimulus spending. he went from 70% support down to below 50% and lost the house. now he gets re-elected with less strength, not against a war hero but a guy from massachusetts, and the republicans have the house and he thinks somebody made him king and he's going to have more taxes, more spending, and more regulations. it's a real problem for him. he doesn't have the mandate he thinks he does. so i think he takes us over the cliff because he doesn't -- he's got blinders on. he doesn't see where he stands in the universe. >> okay. there are a couple things to unpack here. i want to go back to this question -- i think what i'm confused about is this kind of game of smoke and mirrors that seems to be pl
we were in this point two years ago when the same things were discussed with obama during the debt ceiling increase and at the end of the day, we ended up with $2.5 trillion in spending savings and not a dollar of tax increase. why? because obama overplayed his hand. he's doing it again. just as he did in 2008. he thought the country had given him a blank sheet of paper to work on. he did the stimulus spending. he went from 70% support down to below 50% and lost the house. now he gets...
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about spending that has already happened that they agreed to, and the best part you naughty, naughty, debt ceiling you, you offer them up a chance to get more goodies in the form of more tax cuts or the righteous thrill of cutting medicaid assistance from those obama-loving takers. for nearly 100 years now you were just this boring, nondescript wallflower, never drawing attention to yourself. when congress through spending and tax cuts came up against your limits, you were wordlessly elevated. they barely gave you a second glance. it was a waste of time to deal with you, but waste of time is what congress does. 74 times you have been raised since the '60s. you saw wars, peace, a man on the moon, and no matter how you batted your fiscal eyelashes, nobody cared. invisible. now, all of a sud be the tea parties can't keep their hands off you. like a case of fiscal syphilis you put the entire body in peril, and i know this disease is no fault of your own. congressional republicans have decided that consequences be damned, threatening the country with national default by refusing to lift you aft
about spending that has already happened that they agreed to, and the best part you naughty, naughty, debt ceiling you, you offer them up a chance to get more goodies in the form of more tax cuts or the righteous thrill of cutting medicaid assistance from those obama-loving takers. for nearly 100 years now you were just this boring, nondescript wallflower, never drawing attention to yourself. when congress through spending and tax cuts came up against your limits, you were wordlessly elevated....
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thanks to the tax and spend agenda of president obama there's no end in sight. if he's serious about tackling the debt, he'd be talking about reining in spending, but he's hell-bent on one thing, raising your taxes. by the way, don't dare thing for one minute, or believe the hype, that this is only going to affect the so-called rich. this white house is willing to put any and all tax breaks on the table, including letting the payroll tax cut expire. that would move would affect all americans. watch this. >> there are many tax provisions that are expiring at the end of the year, and the president has said that the payroll tax cut, among others, should be on the table. you look at a permanent extension of the middle class tax cuts, the economic effects are different. >> sean: if the payroll tax cut is on the chopping block, nothing is safe. all americans, regardless of how much money you make, you'll be affected. joining us to give us the republicans' view on some of the things, somebody made headlines recently when he appeared to distance himself from a longstand
thanks to the tax and spend agenda of president obama there's no end in sight. if he's serious about tackling the debt, he'd be talking about reining in spending, but he's hell-bent on one thing, raising your taxes. by the way, don't dare thing for one minute, or believe the hype, that this is only going to affect the so-called rich. this white house is willing to put any and all tax breaks on the table, including letting the payroll tax cut expire. that would move would affect all americans....
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yesterday at a business roundtable of ceos, president obama took a hard line warning opponents not to consider the strategy. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which by the way we have never done in our history until we did it last year, i will not play that game. >> senator tom coburn yesterday on "morning joe" became the latest to break ranks saying he could support president obama's tax proposal. he joins a growing group of people urging house leadership to clear the way for a broad deal that would include tax increases on the wealthy. however, according to "the new york times," speaker boehner is enjoying broad support from within his own caucus. and yesterday boehner stuck to his guns favoring closing tax loopholes and capping deductions to raising taxes. >> now the revenues we're putting on the table are going to come from guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their mone
yesterday at a business roundtable of ceos, president obama took a hard line warning opponents not to consider the strategy. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which by the way we have never done in our history until we did it last year, i will not play that game. >> senator tom coburn yesterday on "morning joe" became the latest to...
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stuff on the debt ceiling irritated him. he demanded he had unilateral control -- >> eternity. >> it was a huge overreach. something they could point to. that said the president is going beyond what he campaigned on. in terms of the result, republicans said to me it's hard to envision ultimate scenario in which tax rates for the top bracket don't go up. >> bret: constitutionally, judge, the debt ceiling and that limit, that vote, has to -- >> it those be a vote. a vote by the congress since they began borrowing money in the wilson administration. no president argued or triggered borrowing money without approval from the congress. a statute. if the president attempted to borrow money, any member of congress can go to a federal judge and get them enjoyed in an hour. >> bret: do you think it should be part of the negotiation? part of the republicans' leverage? >> you are talking to somebody who believes that the government should not borrow any money under any circumstances unless it were necessary to preserve the republic; suc
stuff on the debt ceiling irritated him. he demanded he had unilateral control -- >> eternity. >> it was a huge overreach. something they could point to. that said the president is going beyond what he campaigned on. in terms of the result, republicans said to me it's hard to envision ultimate scenario in which tax rates for the top bracket don't go up. >> bret: constitutionally, judge, the debt ceiling and that limit, that vote, has to -- >> it those be a vote. a vote...
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an unlimited debt limit. he wants no debt ceiling on the amount of money that he can spend. so jay carney is taking shots at john boehner who has said look it's not a serious discussion about how we're going to solve the fiscal problem unless of course we match spending cuts to the number of dollars we increase in the debt limit. >> do you think that could pass congress in all seriousness? no more debt limit? no more power of the purse strings? >> no. >> that's insane. i think it's in the constitution. >> yes. and although president obama this because he got re-elected has he had has a mandate to do whatever he waumpbts, he forgets that the house republicans were also re-elected to kind of hold the line on spending. so no, i don't believe that would make it through congress. >> what about this utterance by the president today? instead of blasting congress, sort of saying he's keeping a list of congressmen? is this like a nixon enemy's list? we've seen this before from president obama. >> we have. we've seen m
an unlimited debt limit. he wants no debt ceiling on the amount of money that he can spend. so jay carney is taking shots at john boehner who has said look it's not a serious discussion about how we're going to solve the fiscal problem unless of course we match spending cuts to the number of dollars we increase in the debt limit. >> do you think that could pass congress in all seriousness? no more debt limit? no more power of the purse strings? >> no. >> that's insane. i think...
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debt and entitlement restructuring. that's what they voted for and the reason he's doing it now is because none of the democratic senators that were elected, and they did a great job, they really kicked our butts with these senators, none of them, not a one of them ran on increasing taxes on anybody in this kind of recovery. that top 2% are the job creators. they're small businesses. >> he also wants congress to give up that leverage over the debt ceiling because that is also presenting itself as another ugly battle. and you know what, paul begala, it is being said that that is one heck of a piece of boehner leverage. >> well, it is. but i think it's outrageous. i think this brinksmanship about the budget and the fiscal cliff is all just fine. i don't want to go over the cliff. >> does the president want to go over? we got to listen to all the republicans and the conservative media today are saying president obama wants to go over the fiscal cliff because then taxes go up across the board. >> which is not what the presi
debt and entitlement restructuring. that's what they voted for and the reason he's doing it now is because none of the democratic senators that were elected, and they did a great job, they really kicked our butts with these senators, none of them, not a one of them ran on increasing taxes on anybody in this kind of recovery. that top 2% are the job creators. they're small businesses. >> he also wants congress to give up that leverage over the debt ceiling because that is also presenting...
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. >> reporter: president obama used his first interview since his re-election to drive home his insistence that key to the u.s. beginning to pay down its debt and avoid going over the fiscal cliff is raising tax rates on the wealthiest americans. >> we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. >> reporter: if republicans agree to do that, the president told bloomberg television, he'll agree to serious spending cuts. republicans have offered to raise taxes on higher incomes by $800 billion, not by raising tax rates, but by eliminating some deductions and loopholes. during last year's budget showdown, the president said he wanted to do exactly that. >> what we said was give us $1.2 trillion in additional revenues, which could be accomplished without hiking tax rates, but could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could have lowered rates generally while broadening the base. >> reporter: but now the president does not. he says it will not rais
. >> reporter: president obama used his first interview since his re-election to drive home his insistence that key to the u.s. beginning to pay down its debt and avoid going over the fiscal cliff is raising tax rates on the wealthiest americans. >> we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. >> reporter: if republicans agree to do that, the president told bloomberg television, he'll agree to serious...
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president obama essentially today said he's not willing to play that game. noting what happened in 2011 with the u.s. hurting its credit rating, just the political particular sis that brought on and said, look, we have been there. i'm not going to do that again. >> not to mention the white house and the president still, of course, would hold a strong hand even if the bush tax cuts were dealt with which you mentioned earlier. >> there are a few cards that the white house would be able to play even if republicans said, look, we'll meet your demands and pass the extension on tax cuts for those making $250,000 or less and still undissolved fights of the estate tax and fight with the actual tax rates would be in some type of tax reform and as well as how much willingness there would be from the white house and democrats on entitlement. the white house and democrats would have a type of say in that and still have a leverage and make no mistake. republicans with more leverage going in to february or march getting rid of this tax cut situation that's really putçó
president obama essentially today said he's not willing to play that game. noting what happened in 2011 with the u.s. hurting its credit rating, just the political particular sis that brought on and said, look, we have been there. i'm not going to do that again. >> not to mention the white house and the president still, of course, would hold a strong hand even if the bush tax cuts were dealt with which you mentioned earlier. >> there are a few cards that the white house would be...
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president obama said basically the same thing but added one more hard line to the negotiations. >> if congress in any way suggests that they're going to tie negotiations to a debt ceiling vote and take us to the brink of default once again, as part of a budget negotiation-- which, by the way, we have never done in our history until we did it last year-- i will not play that game. >> late todathe president spoke by telephone with house speaker john boehner. no specifics on what they said to each other, but it was their first conversation in a week. eventually the two sides will get down to bargaining over specifics, including entitlements. one idea may be to change the way the government measures inflation. that may sound like a small change, but, as darren gersh reports, it could have a big impact. >> reporter: if the price of oranges goes up, consumers will buy apples and other cheaper foods. we know that. economists call that switching "substitution," but that change in bevior doesn't show up in the official inflation rate. so most economists think the current consumer price index o
president obama said basically the same thing but added one more hard line to the negotiations. >> if congress in any way suggests that they're going to tie negotiations to a debt ceiling vote and take us to the brink of default once again, as part of a budget negotiation-- which, by the way, we have never done in our history until we did it last year-- i will not play that game. >> late todathe president spoke by telephone with house speaker john boehner. no specifics on what they...
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. >> sean: so we're about to hit this debt ceiling. 16.3 trillion, and at the time in 2008 when obama's running, he says it's irresponsible to take a credit card in the name of our kids to the bank of china. we have to pay that money back. now it's 16.3. they're running out of money once again, so republicans are saying all right, we've got to eat our spinach, we've got to eat our broccoli. we've got to study, turn off the tv, turn off the video games and do our homework. is that as appealing as democrats saying free health care, free day care, we'll redistribute the wealth. i mean, it seems like there's a battle for the heart and soul of the country. where does america come down, and where was america traditionally? >> well, first let's address president obama's flip flop on his philosophy there when it comes to raising the debt ceiling. he certainly condemned president bush in those years of raising the debt ceiling, and then look at where he's taken this cufnlt he's taken us into a state of bankruptcy with his changed idea on it being a good thing to raise the debt ceiling. a very sc
. >> sean: so we're about to hit this debt ceiling. 16.3 trillion, and at the time in 2008 when obama's running, he says it's irresponsible to take a credit card in the name of our kids to the bank of china. we have to pay that money back. now it's 16.3. they're running out of money once again, so republicans are saying all right, we've got to eat our spinach, we've got to eat our broccoli. we've got to study, turn off the tv, turn off the video games and do our homework. is that as...
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obama's plan to extend tax cuts for most americans while allowing them to go up for the richest, and start the fight all over again during debt limit talks early next year. >> that is a bad strategy for america. it is a bad strategy for your businesses. and it is not a game that i will play. >> reporter: and brian, tonight, the white house is preparing in case the country does go over that fiscal cliff, budget officials have asked all federal agencies for information that they need in case of possible plans in case of those automatic spending cuts that could go in place in just 27 days. >> peter alexander at the white house for us tonight. thank you. >>> and up next, the loss today of a legend in american music. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days migh
obama's plan to extend tax cuts for most americans while allowing them to go up for the richest, and start the fight all over again during debt limit talks early next year. >> that is a bad strategy for america. it is a bad strategy for your businesses. and it is not a game that i will play. >> reporter: and brian, tonight, the white house is preparing in case the country does go over that fiscal cliff, budget officials have asked all federal agencies for information that they need...
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this is clearly a different president obama than the one we saw during the debt ceiling negotiations or even after the midterm elections in 2010 when he felt a little weakened and there was the extension of those bush tax cuts for the wealthy. so i think when you're seeing here is a president who put this on the table, trying to please his base, okay? which got him elected after all. saying, this is my wish list, this is in a perfect world, this is what i would do. i don't think anyone at the white house expected the republicans to say, oh, thank you mr. president, yes, this looks lovely. let's go on and work on a deal. no, that's not what it was. the white house -- this is alfonse gaston a little bit here. and so they're waiting for the republican response. and what they're really talking about, brooke, is getting some kind of a first step. a down payment. ironically they all know what -- in the big picture needs to be done. they know you have to fix entitlements, do something on the tax side, but they're trying to figure out how to get from here to there. >> and let's just stop the
this is clearly a different president obama than the one we saw during the debt ceiling negotiations or even after the midterm elections in 2010 when he felt a little weakened and there was the extension of those bush tax cuts for the wealthy. so i think when you're seeing here is a president who put this on the table, trying to please his base, okay? which got him elected after all. saying, this is my wish list, this is in a perfect world, this is what i would do. i don't think anyone at the...
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we keep spending and spending and raising our debt by $6 trillion every obama term. that's what catastrophic. the republicans need to stick to the boehner rule. a dollar of spending cuts for every dollar in spending increases. why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic argument right now. if they pull what mark is saying, you are going to see the republican party's numbers in the 20s. they have no leverage on this thing. >> not going to happen. megyn: we'll leave it at that. thank you both. just ahead. a much more somber note. new warning about the sarin gas threat in syria. city drivers claim a class action that the traffic cameras are actually rigged. soot whole world is watching and the president of the united states made clear there will be consequences if the assad regime makes a terrible mistake by using these chemical weapons on their own people.
we keep spending and spending and raising our debt by $6 trillion every obama term. that's what catastrophic. the republicans need to stick to the boehner rule. a dollar of spending cuts for every dollar in spending increases. why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic...
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candidate barack obama, identical about his law school debt. >> his convention speech as well. >> it's a little eerie. >> you can replace some of the words they're the same script. >> nancy, watching ryan and rubio try to get past 47% and they were both in a very, i think effective ways. very good speeches. >> used the phrase middle class 37 times in 30 minutes, what do you think that's about. >> errol, rubio and ryan are potentially the future of the party and you had what we watched on the senate floor yesterday a bunch of senate republicans with their tail between their legs hiding, worried about primary challenges because they might get rid of american sovereignty to the united nations over disabilities. >> it was a little depressing asking the world to get up to u.s. standards and do what we do as far as curb cuts and access and ability to get around, to suggest that this was somehow going to be bad for america was absurd and i think when we poll it, when you look at it as it starts to sink in, in the country, they'll see they are on the wrong side of yet another issue. >> quickly
candidate barack obama, identical about his law school debt. >> his convention speech as well. >> it's a little eerie. >> you can replace some of the words they're the same script. >> nancy, watching ryan and rubio try to get past 47% and they were both in a very, i think effective ways. very good speeches. >> used the phrase middle class 37 times in 30 minutes, what do you think that's about. >> errol, rubio and ryan are potentially the future of the party...
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ç president obama won't have it. the president is attacking the only leverage republicans have left. the president spoke to a group of ceos today and said that he will not negotiate if debt ceiling is going to be used as a hostage. >> i have to just tell you, that is a bad strategy for america, it is a bad strategy for your businesses, and it is not a game that i will play. so i want to send a very clear message to people here. we are not going to play that game next year. if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again, as part of a budget negotiation, which, by the way, we have never done in our history, until we did it last year, i will not play that game. because we've got to break that habit before it starts. >> treasury secretary tim geithner also made it very clear, this is no game. he spoke with cnbc about holding the line with tax increases for the top 2%. >> if republicans do not agree to that, is the administration
ç president obama won't have it. the president is attacking the only leverage republicans have left. the president spoke to a group of ceos today and said that he will not negotiate if debt ceiling is going to be used as a hostage. >> i have to just tell you, that is a bad strategy for america, it is a bad strategy for your businesses, and it is not a game that i will play. so i want to send a very clear message to people here. we are not going to play that game next year. if congress...
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president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every 15 minutes. lauren simonetti. washington is playing politics over the fiscal cliff. we are near session lows right now. >> 11 points away from session lows. the dow is clinging onto that level right now. consumer discretionary is your best performing sector this month. it is lower today, as is technology. the s&p 500 trying to hang onto a monthly gain. not sure if we can do it. certainly higher for the week and nasdaq higher for the both of them. a two-day chart of yelled is really interesting. they expect fourth-quarter sales in china to decline. lo
president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every...
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obama is looking -- is taking a page out of their book. the two things he wants to do is number one, you mentioned before. no congressional approval of a debt ceiling, and second, and they're going to do this one, it looks like, unless some rational democratic senators come to their aid which is change the rules of the senate to make 51 votes all that is necessary to pass a bill in the united states senate. it will eliminate by and large the filibuster. >> every majority wants to do that. >> they're the only ones that will do it. they're threatening to do that. in fact, they're scheduled to vote to do that, to the rules in a way that's never been done before. it's been threatened before, but nobody's ever pulled the trigger on it. it looks like they're willing to pull the trigger to get what they want which is a majority rule to be able to force things down the throats of the american people that they don't want. >> if he gets his revenue but makes no structural change in the way we do business, i mean, if there's no effort to do that but
obama is looking -- is taking a page out of their book. the two things he wants to do is number one, you mentioned before. no congressional approval of a debt ceiling, and second, and they're going to do this one, it looks like, unless some rational democratic senators come to their aid which is change the rules of the senate to make 51 votes all that is necessary to pass a bill in the united states senate. it will eliminate by and large the filibuster. >> every majority wants to do that....
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Dec 3, 2012
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republicans are doing, and this shows that republicans are really chicken hawks when it comes to reducing the debt. they have a plan on tax reduction which most economists think would do far more harm than the obama plan would. secondly, they fail to specify what kind of cuts they want. remember, this is the party that's campaigned for two election cycles now on cutting government spinding, but when you ask them to identify exactly what you want to cut, you get mishmash from them. you get $100 billion in medicare savings by increasing the retirement age from 65 to 67. you get some unspecified savings from reducing social security. the only specifics if you add them up are about $300 billion or $400 billion in specific cuts, the rest are inspecific. this is the party whose fundamental premise is to cut government spending. you ask them to identify how they want to do it, and they start speaking in gibberish. it shows you this is a phony, phony movement on the part of conservatives to cut government spending. >> absolutely. ari, the president took a question on twitter this afternoon. quote, what is
republicans are doing, and this shows that republicans are really chicken hawks when it comes to reducing the debt. they have a plan on tax reduction which most economists think would do far more harm than the obama plan would. secondly, they fail to specify what kind of cuts they want. remember, this is the party that's campaigned for two election cycles now on cutting government spinding, but when you ask them to identify exactly what you want to cut, you get mishmash from them. you get $100...
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Dec 7, 2012
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president obama or then governor romney. the notion that this country every 12, 14 month is going to have this hostage taking by congress over a debt ceiling is not a way to run, you know, the largest enterprise in the world, the united states government. there's nothing in the constitution that talks about a debt ceiling. this has become kind of in the past a pro forma process that has now turned into a financial armageddon each time it comes about and i do think granting the president these additional rights and then allowing congress with a two-thirds vote to say, hold on here, that might be a more appropriate way regardless of who is the president is. but i don't think yesterday's antics have that much to do with at least the current stage of the boehner/obama discussions. >> let's talk about the current stage. "new york times" saying it's one on one right now with the speaker and the president yet some leading democrats are saying, no, that's not the case. that they are still involved in the process. what do you know ab
president obama or then governor romney. the notion that this country every 12, 14 month is going to have this hostage taking by congress over a debt ceiling is not a way to run, you know, the largest enterprise in the world, the united states government. there's nothing in the constitution that talks about a debt ceiling. this has become kind of in the past a pro forma process that has now turned into a financial armageddon each time it comes about and i do think granting the president these...
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president obama was asked about that earlier this week and said he doesn't want to play the debt ceiling game anymore. that's where republicans have more leverage than then do on other matters. >> all right. senior political editor mark murray, have a great weekend, sir. >> i want to bring in congressman peter welch from vermont. good to see you again. talked to you last weekend on msnbc. at that point you told me that you thought there was a 50/50 shot we'd go off the so-called fiscal cliff. today speaker boehner said talks were going absolutely nowhere. do you want to take an opportunity to update your prediction, or are you sticking with 50/50? >> well, i'll stick with 50/50, maybe 55/45 we will go off the cliff. essentially what's happening, your report was excellent, i thought. there's a face-saving maneuver that the speaker has to find. he has to find a way to get his members to be able to do that, which they don't want to do. he knows that taxes go up on the top 2%. obama won that in the campaign. the problem that the speaker faces is his members won on a campaign platform they we
president obama was asked about that earlier this week and said he doesn't want to play the debt ceiling game anymore. that's where republicans have more leverage than then do on other matters. >> all right. senior political editor mark murray, have a great weekend, sir. >> i want to bring in congressman peter welch from vermont. good to see you again. talked to you last weekend on msnbc. at that point you told me that you thought there was a 50/50 shot we'd go off the so-called...
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>> on the fiscal cliff or the debt ceiling? >> on the debt ceiling. >> i was very interested by your reporting. that you took a really strong position there. i do think the white house has been transformed. both by the experience with the debt ceiling and with the election. i think if they want to stand their ground, i think they can actually do it. i think that that is, in fact, possible. can they? you know, we'll see. they seem a lot tougher now than they were last time around. don't you think? >> they sound very tough now. chrystia freeland of thomson, and author of "the plutocrats." >>> i promised, red lobster, olive garden, timely for both, and i will deliver. that is ahead. ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. and his new boss told him two things -- cook what you love, and save your money. joe do
>> on the fiscal cliff or the debt ceiling? >> on the debt ceiling. >> i was very interested by your reporting. that you took a really strong position there. i do think the white house has been transformed. both by the experience with the debt ceiling and with the election. i think if they want to stand their ground, i think they can actually do it. i think that that is, in fact, possible. can they? you know, we'll see. they seem a lot tougher now than they were last time...
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Dec 6, 2012
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yesterday at a business roundtable of ceos, president obama took a hard line, warning his opponents not to consider this strategy. >> if congress in any way suggests that they're going to tie negotiations to dell creting votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history until we did it last year, i will not play that game. >> well, i wonder, the president's saying, steve, that, you know what, we can raise rates now and maybe lower them later next year so republicans are now saying we can raise rates now. maybe we'll lower them later and we'll talk about it during the debt ceiling. now he's saying no, we're not going to talk about it then either. when would we have this debate when we were renaming post offices in july? can you clarify something for people that are watching? republicans are talking about raising taxes on the rich. and john boehner said that yesterday. we're talking about raising taxes on the rich. we're just not talking about raising the top marginal rate, right? i mean, both sides a
yesterday at a business roundtable of ceos, president obama took a hard line, warning his opponents not to consider this strategy. >> if congress in any way suggests that they're going to tie negotiations to dell creting votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history until we did it last year, i will not play that game. >> well, i wonder, the president's saying, steve, that, you know what, we...
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obama's objective in these negotiations is not economic but political. not to solve the debt crisis but to fracture the republican majority in the house. get boehner to cave, pass the tax hike with democratic votes provided by minority leader nancy pelosi and let the republican civil war begin. it doesn't even matter whether boehner gets deposed as speaker. either way, the republican house would be neutered, giving obama a free hand to dominate washington and fashion the entitlement state of his liking. what should republicans do? stop giving stuff away. if obama remains intransigent, let him be the one to take us over the cliff, and then let the new house, which is sworn in weeks before the president, immediately introduce and pass a full across-the-board restoration of the george w. bush tax cuts. >> so i don't think that's inconsistent with anything that i just said. i agree with him 100%. what have i been saying for a week? do not cave. compromise. do not cave. if the president doesn't want to meet us halfway on massive entitlement cuts, on reforming
obama's objective in these negotiations is not economic but political. not to solve the debt crisis but to fracture the republican majority in the house. get boehner to cave, pass the tax hike with democratic votes provided by minority leader nancy pelosi and let the republican civil war begin. it doesn't even matter whether boehner gets deposed as speaker. either way, the republican house would be neutered, giving obama a free hand to dominate washington and fashion the entitlement state of...
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debt ceiling. president obama pushed for the power trance fosform as part of white house plan they unveiled a week ago. fiscal cliff, 26 days away. christine romans explains how going over the cliff could affect you and your family. >> reporter: brooke, here's what the sequester could mean for domestic programs. fewer women and children with assistance and child care aid. cuts to education nearly 100,000 head start spots at risk. more than 25,000 teachers and teachers aids could lose their jobs and science and public research grants could be cut including in to cancer and childhood diseases. fewer americans could receive drug abuse treatment and $700 million slashed from the epa budget. cutting back of food inspection. disaster relief, omb says, quote, the federal emergency management administration's ability to respond would be undermined. and finally, from border patrol to hiring new fbi agents, correction officers, federal prosecutors, all could be scaled back. now, all of these cuts, brooke, do
debt ceiling. president obama pushed for the power trance fosform as part of white house plan they unveiled a week ago. fiscal cliff, 26 days away. christine romans explains how going over the cliff could affect you and your family. >> reporter: brooke, here's what the sequester could mean for domestic programs. fewer women and children with assistance and child care aid. cuts to education nearly 100,000 head start spots at risk. more than 25,000 teachers and teachers aids could lose...
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president obama released his plan. it includes 1.6 trillion dollars in new tax increases. 50 billion in new stimulus spending. and stimulus, and new power to raise the debt ceiling without congressional approval. tim geithner, john boehner appearing with chris wallace on fox news sunday. >> we're nowhere, period. we're nowhere. we put a serious offer on the table by putting revenues up there to get this question resolved but the white house has responded with virtually nothing. they have actually asked for more revenue than they have been asking the whole entire time. >> in kind of a tough position now. it is going to be, obviously a little hard for them now. they're trying to figure out where they go next. we might need to give them a little more time to let them go next. we did what you expect from us. we laid out a very detailed, carefully designed set of spending savings and tax changes that help put us back on a path to fiscal responsibility. bill: where are we now? senior white house foreign affairs correspondent
president obama released his plan. it includes 1.6 trillion dollars in new tax increases. 50 billion in new stimulus spending. and stimulus, and new power to raise the debt ceiling without congressional approval. tim geithner, john boehner appearing with chris wallace on fox news sunday. >> we're nowhere, period. we're nowhere. we put a serious offer on the table by putting revenues up there to get this question resolved but the white house has responded with virtually nothing. they have...
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Nov 29, 2012
11/12
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peter: we learned president obama and john boehner spoke for 15 minutes last night. i just bumped into a senior leader among senate democrats and asked him how he felt about this news and he said -- he was more optimistic about these negotiations today. he thought perhaps this man the speaker and the president were exchanging proposals on avoiding the fiscal cliff, john boehner has a press conference at 11:30 after his meeting with tim geithner. connell: we will speak with -- see what the speaker has to say. with all this back and forth, a decent amount of speculation that a deal is starting to take shape. look at the reporting from politico and they put numbers to its save a framework looks like this. taxes for revenue would rise by $1.2 trillion. families making them to $50,000 would see higher taxes which we have been expecting and entitlement programs would be cut by $400 billion, most coming for medicare and, quote, end of war savings peter barnes and others reported many times as being dubious because they counted the previous budget you have another trillion p
peter: we learned president obama and john boehner spoke for 15 minutes last night. i just bumped into a senior leader among senate democrats and asked him how he felt about this news and he said -- he was more optimistic about these negotiations today. he thought perhaps this man the speaker and the president were exchanging proposals on avoiding the fiscal cliff, john boehner has a press conference at 11:30 after his meeting with tim geithner. connell: we will speak with -- see what the...